Ripple CEO Blows Hot, Says “Everything the SEC cares about, they lost”

• Ripple CEO has, in several statements, reiterated his belief in a victory against the SEC.
• Garlinghouse said the chances of SEC’s appeal getting green-light are very slim.
• He said the July decision was based on core principles of the Howey test, which the SEC contradicted.

Ripple Labs CEO Brad Garlinghouse has, in several recent statements, reiterated his firm belief
in the company’s victory against the U.S. Securities and Exchange Commission (SEC) on the
securities status of XRP.

“Everything the SEC cares about, they lost… A freight train was driven through Gensler’s
arguments,” the CEO said at Messari’s Mainnet conference. The statements echo the
confidence of Ripple, which had been embroiled in a legal tussle with the regulator for close to
three years now.

While speaking on the X (formerly Twiter) forum organized by Linqto, which also had prominent
XRP advocate John Deaton in attendance, Garlinghouse expressed the chances of SEC’s
victory at appeal are very slim.

The regulator is seeking to overturn a July decision by Judge Analisa Torres that XRP sales to
individuals don’t qualify as a security. But Garlinghouse believes Judge Analisa wil…

The post Ripple CEO Blows Hot, Says “Everything the SEC cares about, they lost” appeared first on Coin Edition.